Re: [CANSLIM] A short ride

From: Spencer48@aol.com
Subject: Re: [CANSLIM] A short ride
Date: Sat, 9 Mar 2002 23:23:07 EST

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     I think that it's a nice-looking chart also (viz. about an 8 wk 
fluctuating flat base).  Here's why I (using CANSLIM criteria) would overlook 
it:  It is below the price WON prefers (I believe $16/share is his minimum 
limit); ROE is only 3% (he like more than 17%); the industry's RS is only 
rated at 23 (however, it is in a hi-tech area-which is why I probably will 
put NWRE in my secondary WatchList).  It's chart is also kind of 
volatile-even though I would describe it as a flat base (although it's volume 
on up vs. down days is very nice, when you look at the chart).  

     It's Cash-Flow is very nice (relative to earnings in '00 or 01) and it's 
PEG is nice (PEG is a concept that I got from Ian; it is latest quarter's 
earnings multiplied by 4 (to annualize it) multiplied by the sales rate 
increase.  This product is then divided into the current price. (Ian used .5, 
I believe, as a nice price/sales growth number).  It is a very useful 
concept-I found-when one is looking at low-price stocks.

jans 

     


In a message dated 3/9/2002 12:39:18 AM Eastern Standard Time, 
AlpineTap34@aol.com writes:

<< 'm new to the thread though I've followed you all for a few months now. 
I'm 
 still trying to find the time to dig deeper into the CANSLIM method. I 
 thought it was a bit odd that NWRE hasn't been mentioned....a beautiful 
chart 
 and had a nice b/o today on heavy volume on a break over $8.45. Anyway, I 
was 
 just curious if this stock wasn't attractive according to the CANSLIM 
 criteria. Since I'm still catching up on the posts over the past couple of 
 days, forgive me if this has already been discussed. Thanks in advance. >>

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